Armenian president vows to focus on economic rise

Yerevan, April 10 (IANS) Armenian President Serzh Sargsyan vowed to focus on the country’s economic development, as he was sworn in for a second term here Tuesday.

Sargsyan, who garnered about 57 percent of the vote in the February election, was inaugurated at a special session of the National Assembly held outside the parliament building Tuesday .

He is Armenia’s third president since the country gained independence from the Soviet Union in 1991.

Sargsyan, in his inaugural address Tuesday, said the country’s priority in the coming five years would be economic development.

Armenia would focus on solving three “main challenges” namely migration, unemployment and poverty, he added.

According to Armenian constitution, the prime minister and the cabinet should resign on the day the president assumes office, and should continue to perform their duties until a new government is put in place within 20 days.

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